Picture Window Ltd - Abbreviated accounts

Registered number

07574970

Picture Window Ltd

Unaudited Abbreviated Accounts

31 July 2016

Picture Window Ltd

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Picture Window Ltd for the year ended 31 July 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Picture Window Ltd for the year ended 31 July 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

S9 Ltd
Chartered Accountants
18 Merlin Way
Mickleover
Derby
DE3 0SL

10 August 2016

Picture Window Ltd
Registered number:		07574970
Abbreviated Balance Sheet
as at 31 July 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		1,079			1,343

Current assets
Debtors		639			2,196
Cash at bank and in hand		366			10,409
		1,005			12,605

Creditors: amounts falling due within one year		(1,858)			(12,582)

Net current (liabilities)/assets			(853)			23

Total assets less current liabilities			226			1,366


Provisions for liabilities			(216)			(269)


Net assets			10			1,097

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			9			1,096

Shareholder's funds			10			1,097

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



S Mitchell
Director
Approved by the board on 10 August 2016

Picture Window Ltd
Notes to the Abbreviated Accounts
for the year ended 31 July 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 August 2015					2,308
	Additions					96
	At 31 July 2016					2,404

	Depreciation
	At 1 August 2015					965
	Charge for the year					360
	At 31 July 2016					1,325

	Net book value
	At 31 July 2016					1,079
	At 31 July 2015					1,343


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1